https://www.taxtmi.com/caselaws?id=196621 The Court dismissed the appeals, finding no substantial question of law. The decisions of the CIT (A) and ITAT were upheld, allowing deduction under Section 35ABB for license fee migration expenses and treating them as revenue expenditure, not capital loss. The authorization of Phase I license fee expenses in Phase II regime was permitted, and verification and allowance of carry forward unabsorbed depreciation were directed, even after a change in shareholding. en-us Wed, 24 May 2017 00:00:00 +0530 Fri, 08 Dec 2017 21:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196621 The Court dismissed the appeals, finding no substantial question of law. The decisions of the CIT (A) and ITAT were upheld, allowing deduction under Section 35ABB for license fee migration expenses and treating them as revenue expenditure, not capital loss. The authorization of Phase I license fee expenses in Phase II regime was permitted, and verification and allowance of carry forward unabsorbed depreciation were directed, even after a change in shareholding. Case-Laws Income Tax Wed, 24 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196621